DeFi Technologies Inc. (DEFT) 10-Year Financial Performance & Capital Metrics

DEFT • • Banking & Credit

Financial ServicesCapital MarketsFinancial Technology & Blockchain ServicesDeFi & Digital Asset Products

AboutDeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. The company offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. It is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of a specialized arbitrage trading desk that focuses on identifying and capitalizing on low-risk arbitrage opportunities within the digital asset market; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.Show more

Net Interest Income -$4M
Total Revenue $98M +398.6%
Net Income -$39M -94.6%
Return on Equity -210.73% -119.5%
Net Interest Margin -0.29%
Efficiency Ratio 124.57% +0.9%
ROA -4.42% +29.5%
Equity / Assets 1.75% -43.7%
Book Value per Share 0.06 +2.9%
Tangible BV/Share -0.08 +27.1%
Debt/Equity 0.60 -80.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak NIM of -0.3%
✗High cost structure: 124.6% efficiency ratio
✗Weak momentum: RS Rating 5 (bottom 5%)
✗Thin capital base
✗Shares diluted 61.9% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y111.34%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-196.88%

EPS CAGR

10Y-

5Y-

3Y-

TTM-191%

ROCE

10Y Avg-74.09%

5Y Avg-74.09%

3Y Avg-94.98%

Latest-166.16%

Peer Comparison

DeFi & Digital Asset Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CRCLCircle Internet Group	16.58B	76.60	35.96	15.57%	9.29%	-5.1%	1.84%	0.07
SUIGSUI Group Holdings Limited	155.34M	1.87	10.39	70.07%	32.72%	-10.67%	3.64%
DEFTDeFi Technologies Inc.	424.47M	1.10	-10	398.65%	-40%	-77.25%		0.60
BTCSBTCS Inc.	135.32M	2.87	-36.70	204.08%	-31.21%	24.15%

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	-1.19M	-4.01M	0	-3.87M
NII Growth %	-	-	-2.38%	1%	-
Net Interest Margin %	-	-	-	-	-
Interest Income	0	0	0	0	0
Interest Expense	0	1.19M	4.01M	0	3.87M
Loan Loss Provision	0	-1.19M	-4.01M	1.03M	2.93M
Non-Interest Income+	0	10.34M	1.25M	19.58M	97.61M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	0	10.34M	1.25M	19.58M	97.61M
Revenue Growth %	-	-	-0.88%	14.66%	3.99%
Non-Interest Expense	-1.63M	55.89M	48.48M	24.17M	121.6M
Efficiency Ratio	-	-	-	-	-
Operating Income+	1.63M	-45.55M	-47.23M	-5.62M	-30.79M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	-29.01%	-0.04%	0.88%	-4.48%
Pretax Income+	1.63M	-71.5M	-65.9M	-20.29M	-39.04M
Pretax Margin %	-	-	-	-	-
Income Tax+	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-
Net Income+	1.63M	-71.5M	-65.9M	-20.07M	-39.04M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	-44.97%	0.08%	0.7%	-0.95%
Net Income (Continuing)	1.63M	-71.5M	-65.9M	-20.29M	-39.04M
EPS (Diluted)+	0.03	-0.37	-0.32	-0.09	-0.11
EPS Growth %	-	-12.78%	0.14%	0.72%	-0.22%
EPS (Basic)	0.03	-0.37	-0.32	-0.09	-0.13
Diluted Shares Outstanding	50.31M	192.63M	209.06M	223.08M	361.14M

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	782.5K	1000K	1000K	1000K	1000K
Cash & Due from Banks	260.42K	7.19M	4.91M	5.07M	22.92M
Short Term Investments	522.08K	1000K	17.23K	1000K	1000K
Total Investments+	4.85M	73.86M	30.03M	55.82M	770.65M
Investments Growth %	-	14.23%	-0.59%	0.86%	12.8%
Long-Term Investments	4.33M	8.05M	30.02M	32.82M	242.39M
Accounts Receivables	0	0	0	0	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	0	36.64M	46.71M	35.21M	49.34M
Intangible Assets	0	17.04M	5.58M	2.67M	2.1M
PP&E (Net)	0	30.76K	1.94M	5.79K	130
Other Assets	0	1.25M	53.36K	485.06K	480.87K
Total Current Assets	1.39M	297.53M	109.7M	375.03M	1.03B
Total Non-Current Assets	4.33M	63M	84.3M	71.19M	294.32M
Total Assets+	5.72M	360.54M	194M	446.22M	1.32B
Asset Growth %	-	62.01%	-0.46%	1.3%	1.96%
Return on Assets (ROA)	0.28%	-0.39%	-0.24%	-0.06%	-0.04%
Accounts Payable	695.54K	288.52M	111.25M	389.7M	1.26B
Total Debt+	0	4.43K	54.53M	42.37M	13.95M
Net Debt	-260.42K	-7.18M	49.63M	37.3M	-8.98M
Long-Term Debt	0	0	0	0	0
Short-Term Debt	0	0	52.82M	42.37M	13.95M
Other Liabilities	0	0	0	0	0
Total Current Liabilities	778.14K	288.55M	164.38M	432.32M	1.3B
Total Non-Current Liabilities	0	4.43K	1.71M	0	0
Total Liabilities	778.14K	288.55M	166.09M	432.32M	1.3B
Total Equity+	4.94M	71.98M	27.91M	13.9M	23.15M
Equity Growth %	-	13.56%	-0.61%	-0.5%	0.67%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	0.33%	-1.86%	-1.32%	-0.96%	-2.11%
Book Value per Share	0.10	0.37	0.13	0.06	0.06
Tangible BV per Share	-	-	-	-	-
Common Stock	18.32M	128.05M	166.15M	128.67M	201.48M
Additional Paid-in Capital	0	0	0	0	0
Retained Earnings	-17.7M	-79.96M	-167.48M	-138.35M	-221.77M
Accumulated OCI	0	189.07K	-3M	-1.25M	3.25M
Treasury Stock	0	0	0	27.45K	0
Preferred Stock	3.39M	3.39M	4.32M	3.26M	4.32M

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.21M	-326.92M	-90.08M	-69.74M	-129.96M
Operating CF Growth %	-	-268.9%	0.72%	0.23%	-0.86%
Net Income	1.63M	-71.5M	-65.9M	-15.3M	-39.04M
Depreciation & Amortization	0	3.64M	2.37M	1.55M	2.12M
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	-2.1M	-302.73M	-46.89M	-61.41M	-109.16M
Working Capital Changes	-739.77K	1.63M	4.45M	3.22M	-10.24M
Cash from Investing+	-623.12K	3.78M	-2.67M	0	14.55M
Purchase of Investments	-573.71K	0	0	0	0
Sale/Maturity of Investments	62.11K	0	0	0	0
Net Investment Activity	-	-	-	-	-
Acquisitions	-111.52K	3.86M	0	0	14.55M
Other Investing	0	-48.7K	-1.26M	0	0
Cash from Financing+	2.1M	332.01M	88.06M	71.32M	131.08M
Dividends Paid	0	0	0	0	0
Share Repurchases	0	-13.43M	-13.15M	0	-4.38M
Stock Issued	2.1M	9.61M	1.55M	3.41M	0
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	0	0	1000K	1000K	-1000K
Other Financing	0	335.83M	46.54M	64.42M	177.72M
Net Change in Cash+	756.67K	8.83M	-4.25M	1.37M	16.2M
Exchange Rate Effect	487.43K	-39.85K	436.55K	-207.68K	527.3K
Cash at Beginning	3.67K	332.07K	9.16M	3.7M	6.73M
Cash at End	760.34K	9.16M	4.91M	5.07M	22.92M
Interest Paid	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0
Free Cash Flow+	-1.21M	-326.95M	-91.49M	-69.74M	-129.96M
FCF Growth %	-	-268.92%	0.72%	0.24%	-0.86%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	32.89%	-185.88%	-131.94%	-95.99%	-210.73%
Return on Assets (ROA)	28.42%	-39.04%	-23.77%	-6.27%	-4.42%
Net Interest Margin	0%	-0.33%	-2.07%	0%	-0.29%
Efficiency Ratio	-	540.46%	3878.32%	123.45%	124.57%
Equity / Assets	86.4%	19.97%	14.39%	3.12%	1.75%
Book Value / Share	0.1	0.37	0.13	0.06	0.06
NII Growth	-	-	-238.45%	100%	-

Frequently Asked Questions

Growth & Financials

DeFi Technologies Inc. (DEFT) grew revenue by 398.6% over the past year. This is strong growth.

DeFi Technologies Inc. (DEFT) reported a net loss of $90.9M for fiscal year 2024.

Dividend & Returns

DeFi Technologies Inc. (DEFT) has a return on equity (ROE) of -210.7%. Negative ROE indicates the company is unprofitable.

Industry Metrics

DeFi Technologies Inc. (DEFT) has a net interest margin (NIM) of -0.3%. NIM has been under pressure due to interest rate environment.

DeFi Technologies Inc. (DEFT) has an efficiency ratio of 124.6%. This is higher than peers, suggesting room for cost optimization.

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